Red Sox To Sign Chris Acosta, Anderson Espinoza

2:30pm: Espinoza will receive a $200K scholarship in addition to his bonus, reports Enrique Rojas of ESPNDeportes.com (via Twitter).

2:00pm: Boston has agreed to sign top pitching prospect Anderson Espinoza to a $1.8MM bonus, tweets Ben Badler of Baseball America. Espinoza was rated the best available arm by both BA and MLB.com. As expected, the Red Sox will be hit with the maximum penalty.

11:00am: The Red Sox have agreed to a $1.5MM deal with international prospect Chris Acosta, MLB.com’s Jesse Sanchez reports on Twitter. Acosta is a right-hander out of the Dominican Republic.

Baseball America rates him the 11th-best available prospect, while MLB.com had him sitting just one spot outside of the top five. Acosta is said to be advanced for his young age, with room to grow into his frame and increase his velocity. He is already sitting in the upper 80s to low 90s, with a good change and promising curve also in his arsenal.

Entering the signing period, Boston was tied to both Acosta and fellow top righty Anderson Espinoza. With just a shade over $1.88MM available in pool money, Boston is expected to incur the maximum penalties for blowing its budget by at least 15%. Should that occur, the club would pay a 100% tax and receive a two-year ban on July 2 signing bonuses of greater than $300K.